Ixonia Bancshares, the holding company for Ixonia Bank, is pleased to announce a transition of the leadership of its board of directors. As of April 21, 2021, David J. Lubar has been elected to both the Bancshares and Bank Boards. Additionally, he has become Board Chairman of Ixonia Bancshares with the announcement of Sheldon B. Lubar, current Board Chairman, stepping down from the position.

“This is a planned transition, and it is my intention to remain and stay involved on the Boards. However, as I step back from this role, I have every confidence that David will bring integrity and strong leadership to help Ixonia Bank continue to grow,” states Sheldon Lubar.

Dan Westrope, Chairman & CEO of Ixonia Bank adds, “The addition of David to our Boards brings invaluable business knowledge and perspective as we plan for the growth of Ixonia Bank, particularly in the metro Milwaukee area. Ixonia Bank is the business bank run by business people. David understands what it takes to build successful companies and support the financial goals of a growing enterprise.”

David currently serves as President & CEO of Lubar & Co., a family office, and a private investment firm founded in 1977 that invests in middle market operating companies with a focus on long term growth.

David Lubar joined Lubar & Co. in 1983 and currently serves as President and CEO. Prior to joining Lubar & Co., David was with Wells Fargo Bank (f/k/a Norwest Bank N.A.) in Minneapolis serving in the Commercial Banking Department.

Commenting on the appointments to the two Boards, David states “Ixonia Bank is a long established, well managed community bank. I am looking forward to working with the management team and Board of Directors as Ixonia Bank pursues its ambitious strategy of being regarded as an important and respected provider of loans and financial services in our community.”

In addition to Ixonia Bank, David is a member of the Boards of many companies.  He is a director of the Milwaukee Brewers Baseball Club and a former director of BMO Financial Corp. and the Northwestern Mutual Life Insurance Company.  David is or has served on the Board of several not-for-profit community organizations, including Froedtert Health System, Greater Milwaukee Committee, Greater Milwaukee Foundation, Metropolitan Milwaukee Association of Commerce, Medical College of Wisconsin, Milwaukee Jewish Federation, United Way of Greater Milwaukee & Waukesha County University of Wisconsin-Milwaukee Foundation, and others.

Mr. Lubar received a Bachelor of Arts degree from Bowdoin College and an MBA from the University of Minnesota. He and his wife Madeleine reside in Milwaukee, WI.

About Ixonia Bank

For over 100 years, Ixonia Bank has been offering a full suite of business banking products and an array of financial services including personal checking, savings, loans, and wealth management services. Ixonia Bank was established in 1918 in Ixonia, Wisconsin; since then the Bank has grown to offer services at seven locations throughout Jefferson, Milwaukee and Waukesha Counties. To learn more about Ixonia Bank, please visit the Bank’s website at www.ixoniabank.com